3 Reasons to Be Bullish on Block Stock After Earnings

By Jose Najarro – Feb 27, 2023 at 10:13AM

NYSE: SQ

Block

Market Cap

$46B

Today's Change

(-1.57%) -$1.18

Current Price

$74.03

Price as of April 24, 2024, 4:00 p.m. ET

Cash App is not the only reason Block investors should be excited.

Block's (SQ -1.57%) stock price jumped over 4% on Friday after it reported solid earnings on Thursday evening and announced numerous wins for its buyer and seller ecosystem. Block's management also mentioned that it would start reporting adjusted operating income as the company aims to improve cost efficiencies. Check out this short video to learn more; consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of February 24, 2023. The video was published on February 25, 2023.

Jose Najarro has positions in Block. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.